0001140361-21-029328 Sample Contracts

FORM OF AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • August 25th, 2021 • Ironwood Multi-Strategy Fund LLC • California

This AMENDED AND RESTATED EXPENSE LIMITATION AGREEMENT, dated as of , 2021 (the “Agreement”), by and among Ironwood Institutional Multi-Strategy Fund LLC, a Delaware limited liability company (the “Master Fund”), Ironwood Multi-Strategy Fund LLC, a Delaware limited liability company (the “Feeder Fund” and collectively with the Master Fund, the “Funds”) and Ironwood Capital Management, a California corporation (the “Investment Manager”).

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